When asked to guess whether Mark is from Montana or California, you guess California because more people live in California. You have used "base rate information" in making your decision.
<h3>What is Base Rate in Psychology?</h3>
Base rate is the frequency of a phenomenon that naturally occurs in a population. Using base rate information, rational decisions are made taking into account the general occurrence in a larger population in favour of the specific incidence in a particular case.
Effects of base rate information are-
- Base rate fallacy, as used in behavioural finance, is the propensity for people to incorrectly assess the likelihood of a situation by ignoring all pertinent information.
- Investors may instead place a greater emphasis on recent information without taking into account how this affects their initial hypotheses.
To know more about the characteristics of an annual percentage rate, here
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Answer:
Información implícita: Ideas que el autor no comunica directamente o "lee entre líneas", sino que sugiere.
Explanation:
Spain was able to create an empire in tue country. The reason for this choice would be that the Spanish Empire toom territory in the 18th century.
Two treatises of government
Answer:
It is nobler to die with integrity than to live with compromised principles
Explanation:
it is nobler to die with integrity then to live with principles that harm other strongly support the statement that men with integrity does not compromise with his principles he is self made person and he believes in his abilities and work on his own principles on the other side a man who compromises on his principles usually lacks confidence and is not capable enough to believe on his own abilities and is not able to make decisions on his own on the other side a man with integrity confidence is capable enough to even handle difficult of situation and can manage every problem very well as this phrase is mostly quoted in most of the texts
REBECCA NURSE a famous religious author also quoted as same that "It is nobler to die with integrity than to live with compromised principles that harm others" being a religious and follower of GOD she came on to the conclusion that in living with integrity is that what matters
